Who are eligible for the package?
All franchisers and franchisees registered with Kementerian Pembangunan Usahawan (KPUn) with net worth or shareholders' funds not exceeding RM1.5 million.
How much can I apply for?
Subject to the discretion of the approving bank, not exceeding the maximum of RM7.5 million.
What are the facilities available under this package?
Term Loan, Overdraft, Trade Finance facilities or other facilities to be determined by the Corporate Guarantee Corporation (CGC).
What are the "Funded Trade Finance facilities"?
These are trade finance facilities such as Trust Receipt (TR) and Banker's Acceptance (BA)
Can the FSMI2 loan be used to purchase property where the business is to be operated e.g. factory for product manufacturing?
No. The FSMI2 loan is not to be used for land or property acquisitions even if the land or property is crucial to the operations of the business. In other words, FSMI2 is to be used only for working capital purposes.
